PayFi Overview
- Year Founded
-
2016

- Status
-
Acquired/Merged
- Employees
-
7

- Latest Deal Type
-
M&A
PayFi General Information
Description
Developer of artificial intelligence-based payment platform designed to fully digitize the ACH and check process. The company's platform supports both banks and businesses to establish, interface, grow their client/partnership relationships with risk mitigation, fee revenue, and cash management tools, enabling clients to provide a compliant and transparent monetary data exchange that manages the payment process and workflow throughout the entire onboarding and operational lifecycles.
Contact Information
Website
www.payfi.ioCorporate Office
- 1250 South Pine Island Road
- Suite 355
- Plantation, FL 33324
- United States
Corporate Office
- 1250 South Pine Island Road
- Suite 355
- Plantation, FL 33324
- United States
PayFi Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
4. Merger/Acquisition | 26-Jan-2021 | Completed | Generating Revenue | |||
3. Early Stage VC | 18-Dec-2018 | Completed | Generating Revenue | |||
2. Early Stage VC (Series A) | 26-Jul-2017 | $1.55M | $1.85M | Completed | Product In Beta Test | |
1. Debt - General | 16-Jan-2016 | $300K | $300K | Completed | Startup |
PayFi Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series A |
PayFi Comparisons
Industry
Financing
Details
PayFi Competitors (4)
One of PayFi’s 4 competitors is Finix, a Venture Capital-Backed company based in San Francisco, CA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Finix | Venture Capital-Backed | San Francisco, CA | ||||
Ingo Money | Private Equity-Backed | Alpharetta, GA | ||||
TabaPay | Venture Capital-Backed | Mountain View, CA | ||||
Vocalink | Formerly PE-Backed | London, United Kingdom |
PayFi Signals
PayFi Acquisitions (1)
PayFi’s most recent deal was a Merger/Acquisition with Payment Relationship Management. The deal was made on 15-Apr-2019.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
Payment Relationship Management | 15-Apr-2019 | Merger/Acquisition | Other Financial Services |
PayFi FAQs
-
When was PayFi founded?
PayFi was founded in 2016.
-
Where is PayFi headquartered?
PayFi is headquartered in Plantation, FL.
-
What is the size of PayFi?
PayFi has 7 total employees.
-
What industry is PayFi in?
PayFi’s primary industry is Financial Software.
-
Is PayFi a private or public company?
PayFi is a Private company.
-
What is PayFi’s current revenue?
The current revenue for PayFi is
. -
How much funding has PayFi raised over time?
PayFi has raised $3.66M.
-
Who are PayFi’s competitors?
Finix, Ingo Money, TabaPay, and Vocalink are competitors of PayFi.
-
When was PayFi acquired?
PayFi was acquired on 26-Jan-2021.
-
Who acquired PayFi?
PayFi was acquired by OV Loop.
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